A Study on Korea's Strategy for Response to Global Trade Environment Changes and GVC Reconfiguring
Tae-Hoo Kim, Lee Jae Sung · Journal of International Trade · 2020
Purpose : This study investigates Korea's Strategy for response to global trade environment changes and GVC reconfiguring. Research design, data, methodology : This study confirmed the meaning of mega-trends surrounding the GVC and the global trade environment, and further explored the possibility of changes and countermeasures that may occur through the interaction between various mega-trends. Results : The result suggests that in order to respond to changes in the trade environment, such as structural changes in globalization, trade tensions and policy uncertainties, as well as changes in consumer, business, and government perceptions of advanced technologies, digital platforms, and sustainable development that promote GVC reorganization, It was concluded that a customized strategy was needed for each worker. Conclusions : This result shows that It is urgent to establish a strategic cooperative relationship to cope with the reinforcement of protectionism, support adaptation to the global market of the high-tech industry to cope with the reorganization of the GVC, prepare international norms to promote trade in services such as the digital economy, and establish export promotion policies.